Planning secured for transformation of the former Fenwick store on New Bond Street

Westminster City Council has resolved to grant planning permission to Lazari Investments to redevelop the buildings that previously housed the Fenwick department store on London’s New Bond Street.

The site also includes 55 New Bond Street.

Having acquired the properties in January 2023, Lazari has recruited Foster + Partners to design a scheme that features “world class Bond Street retail” on the ground and first floors, as well as offices on the second to ninth floors. Several facades will be lifted through innovative engineering to create four “spectacular” two-storey retail units with increased floor heights.

To secure the highest “Outstanding” BREEAM rating, the scheme will retain over 50% of the existing structure, approximately 75% of the historic facades, and will have an upfront carbon measure of 463kgCO2e/m2, which meets and exceeds industry targets.

The scheme is expected to be completed at the end of 2026.

Len Lazari, diirector, Lazari Investments, said “Our decision to acquire the Fenwick site was heavily influenced by our love of the architecture and its Mayfair surroundings, together with our belief in the enduring attraction of retail on Bond Street.

“We believe Foster + Partners’ design for the completed scheme will assist in enhancing Bond Street’s global status.”

Norman Foster, founder and executive chairman of Foster + Partners, added: “Our design is about revitalising the historic Fenwick buildings, preserving the majority of the existing structure and giving the buildings a new lease of life.

“This ambitious project will act as a catalyst, injecting energy into this part of the city and underscoring the area’s global presence.”